COMMERCIAL
NEW ZEALAND INSURANCE CO. [
(By Telegraph.—Press Association.) i
. AUCKLAND, -This Day. The annual meeting of the New Ze» land Insurance Company was held to» day. - . ', . , " The chairman,' Sir James Gunson, referred to .the increased premium income gained during the year*1 despite keen competition in all countries. He said that the investment reserves were the highest in the history of the company, but the * interest earned was low, being ,3.87 per, cent, last year, compared with 4.02 „ per cent, the previous year. The company's chares were a repository for.people's sayings and a third of the holdings were of 100 shares or less.
The increase in .motor-accidents was a serious problem -which' he said he hoped the Legislature would be able to mitigate. ' '"' .*' Mention was^made of the mew.'building being erected in Wellington at a cost Of £65,000. i - ■..:..>:: A final dividend of 5. per cent, making 10 per cent, for Ihe year, is being paid. The retiring directors, Messrs. F. A. Hellaby and C. I. Nathan and Sir George Wilson, were re-elected;,
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Evening Post, Issue 30, 4 August 1936, Page 11
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171COMMERCIAL Evening Post, Issue 30, 4 August 1936, Page 11
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